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UK May's tips to spur business

UK May's tips to spur businessUK Prime Minister Theresa May called on business to invest in innovative companies to spur an economy that is struggling with low levels of productivity and to deliver the change demanded by Britain's Brexit vote, Reuters reported on Monday.

Theresa May addressed the Confederation of British Industry's (CBI) annual conference in London, a leading business organization in Britain.

She added detail to her plans to improve corporate governance. She said that while she wanted the voices of workers to be heard, companies would not be forced to directly appoint workers or trade union representatives to their boards.

"Better governance will help companies to take better decisions, for their own long-term benefit and that of the economy overall," she told business leaders.

"So this is an important task. We will work with you to achieve it, and I know you will rise to the challenge," May added.

Prime Minister also stressed she understood business concerns that Britain could fall off a "cliff-edge" after formal divorce negotiations with the European Union and would address those fears in Brexit talks.

Asked about business calls for a transitional deal, she said: "We want to get the arrangement that is going to work best for the UK and the arrangement that is going to work best for business in the UK," May told the conference.

"I am conscious that there will be issues that need to be looked at ... that people don't want a cliff edge, they want to know with some certainty how things are going to go forward, that will be part of the work that we do in terms of the negotiation," she said.
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